In the Know: Prudentialife Plans

Prudentialife Plans Inc. (PPI) started as a preneed company in 1978, offering life, pension and education plans. It later diversified into financial services, nonlife insurance, memorial services, real estate as well as travel and leisure.

The company is led by the family of founder and chair Francisco Alba, who was Philippine envoy to the Vatican from 2001 to 2003. It was registered with the Securities and Exchange Commission (SEC) on July 17, 1987, with Francisco Alba and Antonio Gatmaitan as incorporators.

Based on SEC records filed in July 2012, the members of the PPI board are Jose Alberto Alba, Jose L. Santos, Gatmaitan, Francisco Alba Jr., Eduardo Yotoko and Stephanie Benayon. Jose Alberto Alba was the president and Francisco, the treasurer.